ASIC Corporations (Managed Discretionary Account Services) Instrument 2016/968
912AEGRecord keeping
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912AEG Record keeping
The licensee must keep a copy of:
(a) each MDA contract it enters into for at least 7 years after it is terminated; and
(b) any Financial Services Guide given to a person under subsection 912AEA(1) together with records showing to whom and when the Financial Services Guide was given for at least 7 years after financial services were provided relying on the Financial Services Guide was given to the person; and
(c) any Statement of Advice given by the licensee to a person under Part 7.7 in relation to the personal advice given under subsection 912AEB(8) for at least 7 years after it was given; and
(d) a document given to a person under paragraph 912AEF(2)(a), subsection 912AEF(4) or paragraph 912AEF(6)(d) or (e) for at least 7 years after it was given.
912AF Requirements for external MDA custodian
Sections 912AFA to 912AFE apply to an external MDA custodian.